15117 Spillman Ranch LOOP, Austin TX 78738

My analysis of 7 comparable properties puts this home's estimated value at $964,278. Based on how the local market is moving, a list price between $793,000 and $803,000 would position this home well. This home's position in the current FALCONHEAD market: the most expensive of 7 comparable homes on the market among comparable properties. The larger lot (0.89 acres versus the area average of 0.27) contributes to the valuation. Right now, 7 similar properties are competing for buyers in FALCONHEAD, listed between $699,000 and $1,049,000. The 6 month price trend in FALCONHEAD: fallen 10.6%. The best comp here is 15504 Boulder HTS, Austin TX 78738 at an adjusted value of $1,066,557, a strong comparable. With 7 comparable sales in FALCONHEAD, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group